In Australia,according to SAC 2 'Objective of General-Purpose Financial Reporting',the primary user groups(s)of general purpose financial reports are:
A) Resource providers
B) Recipients of goods and services
C) Parties performing a review or oversight function
D) All of the given options are correct.

Question

Quizplus · Accepted Answer

All of the given options are correct. This means that resource providers, such as shareholders and lenders, recipients of goods and services, such as customers, and parties performing a review or oversight function, such as regulators and auditors, are all primary user groups of general purpose financial reports in Australia according to SAC 2.